The uncertain future of Yahoo (NASDAQ:YHOO) is finally finding direction. Last week the company decided to proceed with negotiations to sell part of its shares of Chinese Internet company Alibaba Group as well as all of its shares of Yahoo Japan. Though the company is still entertaining partial investment bids by private equity groups Silver Lake and TPG Capital, it seems Yahoo is ready to turn its attention toward selection of a new CEO.
Sources say Yahoo’s Nominating and Corporate Governance Committee is looking for someone with public company experience and large-scale management insight. It’s also been said that the company is looking for someone non-confrontational and collaborative. AllThingsD’s Kara Swisher has a list of probable candidates for the job that includes Chris Liddell, Laura Desmond, and David Rosenblatt.
Chris Liddell is best known for his time as CFO at Microsoft (NASDAQ:MSFT) from 2005 to 2009. Since leaving Microsoft, Liddell also served as CFO at General Motors (NYSE:GM) for a short time from January 2010 to March 2011. After leaving GM Liddell said that he was aiming for a CEO position as his next job. He was considered in the recent search for a CEO for Time Warner Cable (NYSE:TWX) which was conducted by Heidrick and Struggles who is also behind Yahoo’s search. Swisher thinks Liddell has the financial expertise to try to dig Yahoo out of its trouble, but doesn’t have much experience in advertising and products.
Several sources also report that Laura Desmond has been screened by Heidrick and Struggles. Desmond is the CEO of Starcom MediaVest Group, a major media group. Desmond is a well-known name in advertising and has a reputation her intelligent management as well as wry sense of humor.
David Rosenblatt was the former CEO of DoubleClick before moving on to work for Google (NASDAQ:GOOG) as an advertisement exec after the company purchased DoubleClick. Rosenblatt has been offered several high profile CEO positions, but typically chooses to pass them up and swim against the current. He was recently named CEO for a high end furniture and lighting company and also serves on the boards of Twitter, Group Commerce, and IAC (NASDAQ:IACI). Swisher feels that Rosenblatt’s advertising and e-commerce experience makes him a prime candidate, but it might be likely that he would pass up the opportunity as he has others.
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